ADSTW Adstar Wts 12/16/2004 (MM)

AdStar to Remain Listed on Nasdaq MARINA DEL REY, Calif., Nov. 11 /PRNewswire-FirstCall/ -- AdStar, Inc. today announced that it has successfully met the requirements to remain listed on The Nasdaq SmallCap Market. Nasdaq has advised AdStar that the Nasdaq Listing Qualifications Panel is of the opinion that "the Company evidenced compliance with the $2,500,000 shareholders' equity requirement upon the filing of the form 10-Q for the quarter ended September 30, 2003. In addition, based upon the Company's pro forma shareholders' equity of approximately $5,700,000 as of September 30, 2003 and the Company's projections of continued compliance through at least the quarter ended September 30, 2004, the Panel was of the opinion that the Company will likely sustain compliance with all requirements for continued listing on The Nasdaq SmallCap Market over the long term. Based on the foregoing, the Panel determined to continue the listing of the Company's securities on The Nasdaq SmallCap Market." "Given our recent private placement and the acquisition of Edgil Associates, we were confident that we had demonstrated compliance with Nasdaq's maintenance requirements," said Leslie Bernhard, president and chief executive officer of AdStar. "The letter from Nasdaq confirms our thoughts, and we are pleased that the panel recognized our efforts." About AdStar, Inc. AdStar (NASDAQ:ADSTNASDAQ:ADSTW), headquartered in Marina del Rey, Calif., is a leading provider of remote advertising technology products and services to the $20+ billion classified advertising industry. AdStar transforms publishers' Web sites into full-service classified ad sales channels for their print and online classified ad departments. Since 1986, AdStar has set the standard for remote ad entry software by allowing advertisers the ability to place ads electronically with many of the largest newspapers in the United States. Today, AdStar's infrastructure, through its private label model, powers classified ad sales for more than 40 of the largest newspapers in the United States, the Newspaper Association of America's bonafideclassifieds.com (where ads can be placed in more than 120 newspapers), CareerBuilder, and a growing number of other online and print media companies. The company's common stock is listed on the Nasdaq Stock Market under the symbol "ADST." Forward Looking Statements This release contains forward-looking statements concerning the business and products of the company. Actual results may differ from those projected or implied by such forward-looking statements depending on a number of risks and uncertainties including, but not limited to, the following: historical business has already matured, new online business is unproven and may not generate expected revenues, and Internet security risks. Other risks inherent in the business of the company are described in Securities and Exchange Commission filings, including the company's annual report on Form 10-KSB. The company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release. For further information, please contact Jeff Baudo of AdStar, Inc., +1-310-577-8255, , or media, Kevin Wilson, +1-801-898-5520, , or brokers, RJ Falkner & Company, Inc., +1-800-377-9893, , both for AdStar, Inc. DATASOURCE: AdStar, Inc. CONTACT: Jeff Baudo of AdStar, Inc., +1-310-577-8255, , or media, Kevin Wilson, +1-801-898-5520, , or brokers, RJ Falkner & Company, Inc., +1-800-377-9893, , both for AdStar, Inc. Web site: http://www.adstar.com/

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